bermuda looks nice, page-10

Found this in 27 Oct 2007 annmnt.

MOU signed for two additional farms

Nkwe is also pleased to announce that it has entered into a Memorandum of Understanding (MOU) with 2 privately owned South African companies Dyondisani Mining & Energy (Pty) Ltd (Dyondisani) and Bolotola Investment
Holdings (Pty) Ltd (Bolotola) to acquire a 100% interest in the prospecting rights to two platinum group metal (PGM) farms.

The two farms, Soupiana 325 KT and Hoogstepunt 290 KT, are located adjacent and contiguous to the recently acquired Genorah properties on the Eastern limb of the platiniferous Bushveld Complex in South Africa Eerste Geluk 327 KT, Nooitverwacht 324 KT and Hoepakrantz 291 KT (see Fig.2 below). Given the position of the two properties and the latest information from Nkwes
drilling program on the farms Eerste Geluk 327 KT and Nooitverwacht 324 KT these farms are expected to be underlain by both the platinum-bearing Merensky Reef
and UG2 chromite horizons, which account for 80% of the worlds platinum production.

With the acquisition of these two farms, Nkwes Garatouw-Eerstegeluk mineralised project area will increase by 25% to more than 13,000ha. Ownership of these two
farms forms part of Nkwes consolidation of its PGM interests on the Eastern Limb. SRK Consulting has been commissioned to conduct an independent technical
report and valuation of the properties.

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